With sales way way down, US retailers are probably thinking that for once Black Friday deserves its unfortunate name. However, there will be many deals on Black Friday for holiday shoppers.
Traditionally devoted to the spending of green, Black Friday is the frantic shopping day that follows the US Thanksgiving holiday - November 28 this year. Reports say Black Friday deals may not be so good this year.
Given the state of the economy, you may have a lot less money to spend on holiday folderols. But look on the bright side. Gasoline is suddenly cheaper than it's been in many a moon, so driving to the mall is more affordable. And with sales forecasts so gloomy, panicked retailers are likely to be offering a lot of genuine bargains.
So shop 'til you drop. And get advice for shopping smart from this roundup of 25 online resources for coping with Black Friday, courtesy of Lidija Davis at ReadWriteWeb. The sites cited are stuffed with info about deals and bargains.
Reported by PopGadget.
Also you need to know this about the myths of Black Friday.
MYTH #1. The Deals Are Over Hyped
As part of our business, we monitor prices and retailers "special offers" every day. It is our experience that most of the deals offered on Black Friday are the best prices that the consumer will see for the next six or more months. Thus, if a consumer is thinking about buying a specific item within the next 6 months, Black Friday is the best time to do it. This is one case where patience is not a virtue.
MYTH #2. All Deals Go Quickly
While some of the Black Friday deals have limited quantities, there are typically so many excellent deals to choose from that many items last through Sunday, when a another batch of "Cyber Monday" deals appear from merchants.
MYTH #3: You Need to Wait In Store Lines
This myth is only true for individuals who do not shop online, a rare breed indeed. With the size and growth of the online channel, upwards of 95% of the in-store deals are now available online. So shoppers can comfortably shop at home in their pajamas while others are waiting for hours outside in the cold.
MYTH #4: The Deals Are Cheaper In-Store
This is rarely true. You start with the fact that driving to the store expends gas and time. Even if some stores do not have a particular product deal online, chances are another online merchant will have a similarly priced deal. As an added bonus, if the online merchant does not have physical operations in the consumer's state, they will save on the sales tax, which can be significant on large ticket items.
MYTH #5. Black Friday Sales Begin on the Friday after Thanksgiving
Don't let the name fool you. Most of the special deals actually begin online prior to Friday at midnight of Thanksgiving Thursday. So if consumers want to get the best shot at the deals they should go online at that time. Techbargains and others will be providing real time updates on the best shopping deals as soon as they become available online.
"Dispelling the myths about Black Friday should help bargain conscious shoppers to make the most of pre-holiday shopping deals," said Techbargains Vice President Yung Trang.
By Techbargains
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